Even with high inflation, a progressively weakening rupee and slower growth estimates, the venture capital industry in India continues to grow exponentially. Close to $1 billion worth of deals took place last year and about $340 million worth of deals have already been closed this year. A research report by Deloitte released during a recent meet of the Venture Capital Association of India says VCs invested $158 million in just 26 deals between April- June this year. This includes new emerging fields such as film production, education and logistics this year.   more »

Until recently, the world's biggest movie machine, the Indian film industry, had gained an unsavoury reputation because of suspect funding sources, back-room deals and the general lack of transparency in the movie-making process. But this notion changed after films were given 'industry' status and legitimate or 'white' funds started pouring in. Today, you have the who's who of the corporate world—such as Anil Ambani and the Mahindras—entering the business for its growth prospects. VC funds are expected to bring in high standards of corporate governance into the film industry as they demand more accountability from producers and ensure that the project is completed as per the plan.   more »